Solana (HSDT) Research & Development (2016 - 2025)
Solana (HSDT) posted Research & Development of $886000.0 for Q4 2025, up 3.26% sequentially from $858000.0 in Q3 2025, and down 4.11% YoY from $924000.0 in Q4 2024.
Solana (HSDT) Research & Development (2016 - 2025) Analysis & Trends
Solana has reported Research & Development for 10 years, with the latest figure at $886000.0 in Q4 2025.
- Quarterly Research & Development fell 4.11% year-over-year to $886000.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $3.5 million (down 4.04% YoY) and the FY2025 annual result came in at $3.5 million, down 4.04% from the prior year.
- Research & Development climbed to $886000.0 in Q4 2025 per HSDT's latest filing, from $858000.0 in the prior quarter.
- Over five years, Research & Development peaked at $1.8 million in Q4 2021 and troughed at $650000.0 in Q4 2023.
- A 5-year average of $1.0 million and a median of $886000.0 in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2021 and 2022: Research & Development surged 118.62% in 2021, then plunged 56.08% in 2022.
- Over 5 years, Research & Development stood at $1.8 million in 2021, then tumbled by 56.08% to $794000.0 in 2022, then retreated by 18.14% to $650000.0 in 2023, then surged by 42.15% to $924000.0 in 2024, then decreased by 4.11% to $886000.0 in 2025.
- According to Business Quant data, Research & Development over the past three periods registered $886000.0, $858000.0, and $822000.0 for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | - |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 589.00 Mn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | - |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Solana | 149.94 Mn | 146.30 Mn | 2.45 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 886,000.00 |
| Sep 30, 2025 | 858,000.00 |
| Jun 30, 2025 | 822,000.00 |
| Mar 31, 2025 | 945,000.00 |
| Dec 31, 2024 | 924,000.00 |
| Sep 30, 2024 | 1.08 Mn |
| Jun 30, 2024 | 870,000.00 |
| Mar 31, 2024 | 788,000.00 |
| Dec 31, 2023 | 650,000.00 |
| Sep 30, 2023 | 722,000.00 |
| Jun 30, 2023 | 684,000.00 |
| Mar 31, 2023 | 886,000.00 |
| Dec 31, 2022 | 794,000.00 |
| Sep 30, 2022 | 751,000.00 |
| Jun 30, 2022 | 953,000.00 |
| Mar 31, 2022 | 1.76 Mn |
| Dec 31, 2021 | 1.81 Mn |
| Sep 30, 2021 | 1.49 Mn |
| Jun 30, 2021 | 1.38 Mn |
| Mar 31, 2021 | 1.32 Mn |